Wednesday, 11 January 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 11 JANUARY 2017

Cotton trading range for the day is 19927-20427. Cotton prices dropped due to subdued demand from traders and stockists at the spot market. The production of cotton is expected to touch around 345 lakh bales during 2016-17 as compared to around 338 lakh bales. CAI expects that on account of better weather conditions across all cotton growing regions there will be an improvement in productivity Cotton prices in spot market dropped by 80.00 rupees and settled at 19730.00 rupees.